CRISIL reaffirms ‘BBB-/Stable’ rating for Shakti Pumps’ term loan facility

16 Jun 2014 Evaluate

Credit rating agency, CRISIL has reaffirmed its rating on the Rs 9.23 crore term loan facility of Shakti Pumps (India) at ‘BBB-/Stable’. Moreover, the rating agency has withdrawn its rating on the company’s Rs 56.25 crore cash credit facilities and the Rs 35 crore short-term bank facilities at the company’s request.

The ratings continue to reflect the company’s established position in the niche submersible steel pumps segment and its above-average financial risk profile, marked by moderate gearing and adequate debt protections metrics.

Shakti Pumps was incorporated to manufacture submersible pumps and electric control panels. The company is engaged in the business of manufacturing of submersible pumps along with submersible motors and associated controls panels under the name ‘Shakti’.

Shakti Pumps (I) Share Price

963.15 45.85 (5.00%)
23-Dec-2024 15:17 View Price Chart
Peers
Company Name CMP
KSB 746.70
Elgi Equipments 589.00
Dynamatic Tech 8273.05
Kirloskar Pneumatic 1607.35
Shakti Pumps (I) 963.15
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.